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. the debt ceiling debate, a presidential report card, and a quiet market rally. what does it mean for your money? joining us now, jared bernstein and former chief economist to vice president biden. also with us is a chief investment strategist with blackrock. thank you so much for joining us. >> thanks for inviting us. >> thank you. >> russ, let me kick it off with you. friday, a pretty good rally. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people are nervous in december. they're coming back into stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling, obviously one of them. the second question is as we start to get january's economic data, how big of a hit do we have from the tax increases, the expiration, the payroll tax hold darks and what do those numbers, which may be a bit on the soft
the debt ceiling so we should do it. we need to, you know, have a budget and need to reduce the deficit and need to make investments for the future. what he wanted to talk about is what a great country it is and how we need to make sure it's a country that offers opportunity for all americans and expands the middle class. >> you have been in the trenches. you know how divided congress is. do you think by not using words like compromise, by not reaching out in that very high profile speech, that it was a missed opportunity as some republicans are suggesting? >> well, i think that, you know, it's a little bit of looking backwards and the president was looking forward. i think what he was really saying is and reflecting in a way on his last two years, is he sought to compromise and compromise and compromise again and has gotten so little from the republican leadership. i think what the speech yesterday was about is we need to move forward and if going to, you need to know i'm going to be a determined president. we know the path forward. we may disagree on some things but let's get done wha
rd. there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including effor
negotiate the debt ceiling. high unemployment, social unrest. again, we learn from the mountain. baby steps to build confidence. >> your free ski slowly. we feel what we are doing. then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of treading down the mountain. for bankers it means printing money. it's brutal economics. what's the secret to snowboarding? you pick up speed too quickly and you end up falling over? >> no, come on. you need to move. >> reporter: why do you like snowboarding? you go too fast, too quickly, and fall over. >> not necessarily. >> reporter: perhaps the best lesson to be learned in managing risk comes from the cross-country skier, those hearty experts of slow, steady progress taking huge amounts of energy. >> you need to be fit with the whole body, not only with parts of your body. >> you make the power around. you can slowly or you can a lot of speed. at your pace. >> repo
toy with the debt ceiling and putting the chances of default at risk, that would be disastrous. we've kind of avoided that for now. don't forget, the fiscal cliff itself is a device that was put in place because of the current situation, because we can't come to an agreement on everything. >> but now it may actually be fostering a lack of bipartisanship, right? the snake has eaten its own tail. >> yes, exactly. >> i love that. it's so useful. >> losing our appetites, right? >> in terms of the other piece, the austerity program that the republicans would have us on, you know, for a long time we've been able to look -- not a long time, but at least a year we've been able to look at what has happened to the u.k. and their economy and sort of this fiscal austerity and how it actually hasn't worked, and as andrew points out, do you think republicans are sort of finally coming to terms with that notion? >> i don't think so. that goes against everything that they stand for. the fact that that would not work. it's funny. andrew mentioned the imf issued some concerns specifically when talki
the country's economy as unstable as possible. the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is great to see
the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfast at a restaurant he
's scratching their heads. and now with the possibility of having the debt ceiling extension out to may, what you're going to see now is traders and other people that have positioned themselves to sell short-term volatility and buy it out to march. especially in the vix. now that's going to get rolled out to april, to may. you'll see this continued complacency. and when i say complacency, i don't think that's a bad thing. but the continued complacency in kind of this area of low volatility. that's just going to get extended out now. we get a couple more big earnings or good earnings surprises. and say apple comes out today with -- with some good guidance, we could see the vix call to the 11 handle which is really -- that's almost unprecedented. >> continued complacency, but the news of earnings is pushing forward? you can't fight the trend? >> no, you can't. what i'm seeing is traders especially that have wanted to be short or traders that have been buying, you know, upside calls in the vix, they're almost ready to throw in the towel. it's almost -- i don't. to say a capitulation, but guys do
on the dealt ceiling. they have the votes to pass a short-term debt ceiling increase today. they will look for deep spending cuts later. it would suspend the debt limit to allow the u.s. to keep borrowing money to pay bills for three months. complicated but politically interesting. in exchange, calling on the senate to pass a budget by spring. >>> so lady fwgaga playing at t inaugural campaign bash for staffers and a special guest with her. tony bennett to sing a duet for "the lady is a tramp" sang they like so much. bennett also performed for several other presidents. >>> tough news for lady gaga. justin bieber passed her on twitter. justin bieber the most followed person on theet earth. approximate 33,300,000. >> i'm sure my daughters follow him. i will have to ask them. maybe i should follow him. >> 33,300,001 with soledad. >>> did beyonce lip sync. here is how it went on inauguration day. ♪ and the rocket's red glare the bombs bursting in air gave proof through the night that our flag was still there ♪ >> so much fun to watch in person. we were really like right up in front. the ma
an extension as bob reported on the debt ceiling maybe for a couple of months but notice how the republicans have placed a lot of contingencies on. that well unless you pass the budget by april we'll cut everybody's pay so we're going to have a series of cascading fiscal cliff-esque budget deadlines over the next several months and that really is the biggest threat to president obama's agenda. the things he talked about today whether it was on climate change immigration reform, gun safety. it's hard to do those things when you have as john pointed out leftovers from the first term. >> pelley: unity on monday, real politics on tuesday. norah and john, thank you very much. cbs news live coverage of the second inauguration of president obama will continue after these words. sometimes life can be well, a little uncomfortable. but when it's hard or hurts to go to the bathroom, there's dulcolax stool softener. dulcolax stool softener doesn't make you go, it just makes it easier to go. dulcolax stool softener. make yourself comfortable. ♪ i dare you to dare me this winter? i've got a dare. ♪ re
to the caucus, we can't win this fight publicly. let the debt ceiling go because we're going to be blamed for the economic fallout. let's push that down the road, kick the can down the road, as they say, and try to get some budget out of the senate and try to get some real spending cuts in the next three months. so paul ryan and others within the caucus are seeing a longer game here than is this freshman senator from texas. >> but if you ask paul ryan what he wants to do on gun control, he would say, i don't want to do anything on gun control. you've talked to moderate republicans -- >> what about registration? >> the only thing they might do is something on registration. >> background checks. >> that's it. no idea that you're banning weapons. no chance. >> registration is the worst. >> put it on tape. 0% chance it passes. >> good, because hunters need 30 bullets. >> if you've seen a single republican say they support that -- >> a democratic lobbyist last night working on this very issue, he said, we don't have the votes. that's now, and that is before the president goes outside with the
term is starting where his first left off, a debt ceiling crisis and paul ryan twisting the facts. the president was quite insistent monday he will not stomach hostage taking nor medicare and social recipients referred to as takers. >> the commitments we make to each other through medicare and medicaid and social security, these things do not sap our initiative, they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. >> and for those who need a quick campaign 2012 refresher, it was quite obvious to whom that phrase, a nation of takers, was directed at. >> we can become a society where the net majority of americans are takers, not makers. we're going to a majority of takers versus makers in america. more takers than makers in society. takers versus makers in america. >> could have been listening to ayn rand then. joining us is democratic congressman charlie rangel of new york. >> good to be back with you. >> congratulations on a new congress. in an interview today paul ryan said those comments of his had nothing whats
. look there's a reason why the republicans in the white house caved on the debt ceiling. the public is not with them on these issues. >> don't know. kate, you have a little different view. i think republicans now back in the driver's seat because they cooperated on raising the debt ceiling. they forced the senate democrats to put up a budget. the next thing will be the continuing resolution, short term spending cuts. i think the gop by stopping taxes is back in play, they are back in play. >> i love your optimism, larry. i wish i could be jumping up and down with you. but i'm afraid the republicans are in full retreat. i'm hoping -- i know they won't agree to this tax increase. the senator is absolutely right. but the problem is the democrats are using this as another opportunity to put republicans of throwing granny off the cliff, caring only about their millionaire and billionaire buddies. patty murray said we'll put it on the people who best can afford it. it worked for president obama, the democrats, like the cbs news political director said is to go for the jugular, to cut the
's second term. the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and reforms that put us on a path to balancing the budget in a decade. we think the senate ought to offer a budget. they haven't passed a budget in four years, even though we have a law that says we need a budget every year. we haven't seen any solutions offered by the president on how to get the budget balanced, pay down the debt, and no budget in four years. we need to figure out how to grow the economy, how to get opportunity. and if we have a debt crisis like they had in europe, everybody gets hurt. that's what we want to avoid. >> last week, senator schumer said, we'll do a budget. >> great. finally. i
to suspend the nation's 16.4 trillion dollar debt ceiling through may's 18th. the bill will prevent the u.s. from going into default. senate majority leader harry reid says that it will also pass the bill. president obama is expected to sign on tuesday when it reaches his desk. >> today the board of trustees will meet to discuss ways to save sampras's goes city college. the school is on the brink of shutting down. that is because the accreditation commission found numerous violations with the college structures and finances. census that met yesterday to talk about the issue the members of the community are anxious about what could happen next. >> if there is a real need to have to be able to show a perception that we are unified and that we really want to save our college. it is not a good option for us to be absorbed by another district. we need to maintain control of our college and awaited do that is with jewels solidarity. >> and the school which serves about 85,000 students has until march to turn itself around. >> we have a water break in greenbrae and it's going to >> we have a wat
, but there are decisions that have to be made in the course of 2013 concerning fiscal deficits, concerning the debt ceiling, which is why 2013 is a make or break. >> reporter: if those decisions are postponed again? >> well, it will be pushing the can down the road yet again, which was a reproach that we made against the europeans, and i don't think that the u.s. should fall in that trap. >> reporter: lagarde said governments and legislators can't be allowed to let up or slip back, that we can't go back to business as usual. >> pelley: anthony, thank you very much. democratic senator dianne feinstein of california introduced legislation today to reinstate the federal ban on assault weapons, but she acknowledged that supporters face an uphill battle. nancy cordes is at the top of that hill tonight in washington. nancy. >> reporter: scott, the bill that she and other democrats spruced today is even tougher than the assault weapons ban that congress let lapse back in 2004. this bill would ban the sale of 157 different military-style firearms. flanked by police officers, doctors, and mayors, senator dianne fei
to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. >> meanwhile, these markets are on fire. another good week for the market. the s&p 500 hitting a new five-year high. what is driving stocks? and do you think it's sustainable for the year? some of the risk has been pulled out of the of the market. so the most recent is three months. some of the ris ks. and maybe just that the election isn't determined. maybe some are happy. some are, some aren't. but it's solved. markets don't like uncertainty. so even though it wasn't very likely the european union would fall apart, even though it wasn't very likely the u.s. would fall on its debt, i think that lifted markts a lot. >> meanwhile, new appointments in the obama administration. timmy geithner, the last day was on friday. i want to ask you about his successor. he's certainly served during a tumultuous time. >> if i'm going to give him one grade, i'm going to
's why i think you saw them retreat from the plan to push this debt ceiling issue immediately upon returning to work. so i think that there's a prospect for getting some things done. certainly on issues like immigration reform. there's a powerful impetus for there to be progress. i think we can make some. >> david, thank you very much. you're going to be leaving the president's side and starting an institute of politics at the university of chicago and we wish you all the luck in the world. >> you guys, i need you out there. >> nancy cordis is there as a number of the dignitaries begin to take their seats. what are you seeing? >> scott, there are 1,600 seats that have been set up on the west front terrace of the capitol. people who will be surrounding the president as he takes the oath of office. we are still awaiting the announcement of the dignitaries who will come out in groups. first, the nation's diplomatic core, the governor, then the cabinet, the joint chief of staff, and supreme court. and two former presidents, bill clinton and president carter who will both be in attendan
to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not
likely i'm going to have some republicans come with me. he was tough on the debt ceiling. he was tough on the fiscal showdown. when he got tough, boehner had to let some republicans go his way. i think he want unity. the path is being tough and being clear about what he wants to get done bp. >> if you look at lift, second terms have not worked out how most presidents think they will work out. something happens. president bush, the financial crisis. president clinton, the impeachment. >> this guy is awesome. >> stuff happens. clean it up. it's family show. george w. bush never mentioned terrorism. that was the topic that dominated his term. i re-eisenhower's second inaugur inaugural. the most important thing was to send troops into little rock. i think most of these presidents have no idea what they're about to encounter. >> outside events end up shaping the legacy and how they respond. the president's maximum political power and validation is right now in this moment and in the next year. the question is does he strike while the iron is hot an does he take to the tendency which will be
here congressional action on the debt ceiling. tonight on "special report" we are one day away from a vote on a house republican bill to increase the country's bar rowing limit for four months. one of the strings attached is a sus specific of lawmakers' pay if they do not approve a budget by april 15. the politics and the policy here. the white house is not giving te tails on how president obama plans to fulfill the promises he made in the inaugust ration speech monday. but he will get an opportunity to rule on the controversial keystone xl oil pipeline. the governor of nebraska approved the new proposed route. this is the 40th anniversary of the roe v. wade decision that legalized abortion. we will get a status report on the four-decade long battle. plus a preview of secretary clinton's testimony on benghazi tomorrow and where the survivors of the terrorist attack. "special report" from washington starts at 6:00 eastern. now back to my colleagues at "the five." ♪ ♪ >> dana: most of us know him as prince harry. in the military and at greg's house they call him captain wham. thir
republicans pushed through a bill to extend the debt ceiling and tying congressional pay to passage of the budget. senate majority leader says he is okay with it. outgoing defense secretary leon panetta is changing policy to allow women to serve in front line combat positio positions. we'll get a live update for the pentagon. your tax dollars are sending f-16 planes to egypt despite anti-semattic comments made by egypt's new leader. busy day on "special report" at 6:00 eastern but now back to "the five." ♪ ♪ >> bob: you were saying? >> dana: so, greg, almost just caused a problem on the show. >> greg: no, i didn't. >> dana: yes, you did. wow! he doesn't know the words to that song and he was making them up. there is a certain word that rhymes with "truck" he was going to sing. i was supposed to talk about facebook and social media how it can be a blessing and a curse. we talk about this the other day. so, remember back in high school, if you found out that your friend invited another friend go to an event but you didn't necessarily know about it right away. it wasn't rubbed in y
the cliff on the debt ceiling. >> if you do talk to republicans, they'll tell you this is a president, very confident from his re-election. some might use the word cocky, and that he has become more partisan and more hard nosed. would you agree with that sae assessment? >> and is it by necessity or choice? >> no, i think he's become -- he's practical. and if the other side is going to take a position that they're going to oppose you on every initiative, you have to seek national support. in a democracy, people push policy forward not the politicians and so that's a lesson that he has drawn from the first term. that said, as far as i can -- as i know, and as i know him, his door is always open to people who are willing to work together to solve problems and one hopes in the next four years there will be a spirit of cooperation. understand we're never going to agree on anything. that's why we have two parties. in order to move the country forward we have to move together. >> david axelrod, always good to see you. >> good to see you, savannah. >> i know you'll be watching. we will have more on
, today republicans in the house are expected to vote on a plan that's going to defuse the debt ceiling crisis at least temporarily. republicans are planning to offer legislation that will suspend the enforcement of the federal debt limit for at least three months, allowing the government to keep borrowing money to pay for all of its current obligations. in exchange, the house gop'ers want the democratic-controlled senate to do something they haven't done in 1,365 days, pass a budget. something that body hasn't done since 2009. now, instead of demanding spending cuts, republicans have added a provision to the bill that would suspend lawmakers' own paychecks if their chamber fails to pass a budget by april 15th. that's a lot like actually the no labels, no budget, no pay plan that that organization's been dealing with, talking about for a long time. michael steele, i think that's a great idea. >> i do, too. >> if you don't do your job -- >> why get paid for it? >> and the democrats in the senate haven't done their job in that many days, why pay them? >> i don't think you should. in fact,
raises and getting them whatever they want to call it, a postponement, a retreat on holding the debt ceiling hostage, those are real changes from the sort of kumbahyah obama that we saw a lot of at this time early in his first term. so i think it's all good, and i think he may be emboldened. his views, he is essentially a liberal centrist. i don't think anyone can really ever doubt that. but he hasn't always stood up for it. and sometimes it seems he is so eager to find some kind of nonexistent bipartisan compromise to the party of no, that he sort of shirked from it. >> i think he has stopped -- he went -- moved from saying we can find something between us that we can agree to move together on, that was sort of what he started off saying. and now he is saying we can agree to do it my way. my way, actually, is widely agreed upon. and it is the way that we can move forward, and i think we ought to. it's a bolder stance. >> it's a bolder stance. and by the way, he won the election. >> and that's why he's free to say it. >> this doesn't stop them from calling him a socialist radical. >>
't want to fight over the debt ceiling because you thought you can't do that, you have to pay the government's bills. do you think this fight over priority is worth shutting the government down? >> we're not interested in shutting the government down. what happens on march 1 is spending goes down automatically. march 27 is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, grow the economy, create economic opportunity. that's the kind of debate the country deserves. by the way, if we keep going down this path, we will have a debt crisis. it's not an if question. it's a when question. this isn't a republican or democrat thing. it's a math thing. we have to get serious with this problem if we want to save people from the problems that result from a debt crisis. >> let me challenge you from a critic further on the left. a lot of the centrist economists may disagree with you in some areas but agree about the impending debt crisis. some o
coogress had to agree to... to raise the debt ceiling. p seriously close all... for a toddler in russia.the amazing video... that shows the child being ttrown from the back f aa s-u-v.you'ree watchinggfox 45 mooning news.. all locall. all morning. ((brrak 6)) let's play: [ all ] who's new in the fridge! our mystery guest: ensure complete... uh...do you support bones? [ ding! ] i've got calcium and vitamin d. oh! immune system. [ ding! ] one word: antioxidants. heart health? [ ding! ] my omega 3s never skip a beat. how 'bout muscles? [ ding! ] i have protein and revigor to protect, preserve, and promote muscle health. [ ding! ding! ding! ] that's a winner! ensure complete! [ female announcer ] the four-in-one nutrition of ensure complete. a simple choice to help you eat right. [ major nutrition ] ensure complete. nutrition in charge. 3 new thii morning... allow the tteasury department - to borrow new money unnil mid- may. the bill &prequiire bott chambers f congress to pass a budget resolution or havv their pay withheld until they do. ouse democrats blasted the gimmicc.
on thh debt ceiling -can the same nottbe said of the other side-you say he ppunders our wealth .. wants us disarmed and akes away our religion . others woudllsay he wants more than woudl say he religionn.. others ttkes away our disarmed and wealth .. wants us plunders ouu -you -you say he plunners our wealth .. wants us disarmed and takes away our rrligiin .. others woudl say he wants mooe ptan the 1% to have wwalth ... wans criminals disarmedd... and your religion is yours-you others might calllit eliiism &pothers ight call exceptionalism .. -you call it excepttonalism .. others might call it litism poming up... ed reed... saas he'' not what a bicycle had to do.. .- ((joel live tease)) ((joel live ttass)) you're all local.. all morning. a new winter blast...how much snow we'll get this timm. on 3 3 3 3 3 ((break 4)) all morning. ((break 4)) 3 3 3 st. marrys county public schools closed closeddorrhester county publii delayand... the early dismissals arr already coming close at 1:00.cecil ounty l - elementtry schools will closee at . 3 p, map 195 map the baltimore ciiy ssate'ss &p
. the vice president put in charge with republicans on the debt ceiling and brought in most recently for these 24 proposals that have been put forward on the gun control. and the vice president brokered that last minute deal being avoided at the end of the year. when you look at the obama presidency and four years from now when this history is going to be written, vice president joe biden is going to fill a roll in that history that is particular to him and larger than any other vice president we have seen before. really reinvented the vice president before that, they did not have all that much to do besides check on the health of the president. but really, the modern era now we've seen this change from administration to administration and clearly vice president joe biden at this point has demonstrated the height of that, the political confident and advisor and foot soldier with house republicans here who have said they have major problems with a lot of the things this administration is laying out. >> tom is live right there front row seat for the swearing in ceremony at the capitol.
could crack that ice? if congress and the white house can't agree on the deficit or the debt ceiling. will washington work is the theme of the seminar in davos today. house majority leader eric cantor who's here will have to answer. that's the question on a lot of people's minds. why can't the u.s. get its act together? >> well, i think the thing that diff different yates us is we know what to do. >> reporter: the head of the international monetary fund christine lagarde says the u.s. has to confront this. if those decisions are postponed again -- >> well, it will be pushing the can down the road yet again, which was an approach we made against the europeans, and i don't think the u.s. should fall in that trap. >> reporter: and with the u.s. economy now showing renewed strength, the feeling here is that the u.s. could help pull up the rest of the world if washington could just get out of the way. charlie, norah? >> anthony mason, thank you. in the international press institute reports that 132 journalists were killed around the world last year. and reporting on the war in syria is es
the inauguration to a deal on the debt ceiling to the president naming a new chief of staff. we wanted to focus on a few others that caught our attention. first, secretary of state hillary clinton on capitol hill. she was testifying about the attack in benghazi that left four americans dead. now at one point clinton angrily snapped at republican senator ron johnson who wanted to know why the exact origin of the attack should have been revealed much earlier. >> what difference at this point does it make? it is our job to figure out what happened and do everything to prevent to from happening again. >> joining me now, cnn contributor maria cardona and amy holmes, anchor of "real news" on "the blaze." maria, you used to work for hillary clinton. are you proud of your former boss? >> these did -- she did an amazing job. it was vintage hillary clinton. look, her performance this week, it was so many things. she was unequivocal in taking responsibility for what happened which is absolutely the right thing to do and something she did from the first -- the get-go. she was deficit in deflection of quest
. they are not happy about the way some of the budget negotiations have gone in the past. of course, the debt ceiling in that debate will be hanging over those hearings. john kerry coming in, nominee for secretary of state. as chris mentioned, hillary clinton will be testifying on capitol hill, both the house and senate leader on benghazi. a lot of lingering questions on now. finally coming you mentioned chuck hagel as well. a lot of questions for him and his stance towards iran and israel. he has already asked so many of those questions on the sidelines. certainly it is usual that the president gets picked a cabinet. it is certainly republicans will have their questions. megyn: just a little bit of information on the fashion on the president and first lady's daughters. malia obama is wearing a j. crew ensemble and sasha obama is wearing a kate spade ensemble. >> the ladies at home are with me and they care. hillary clinton has some new glasses which we should remark upon. we will talk about the first lady who also be wearing some j. crew a little bit later. it can go to j. crew and look at the first
to extend that debt ceiling deadline until may 19th. elsewhere, earnings reports will likely influence trades today. dupont, johnson & johnson, and ibm all report today. natalie? >> courtney regan at the new tock exchange, thank you. >>> the u.s. education department says it takes more than the standard four years for more than 20% of students to ini finish and get their deemployee mas. they credit the rise in graduation rate for the stiff competition for limited jobs. >>> an analysis of marrs' mclaughlin crater has scientists investigating new evidence that there was water on the red planet. using data from the mars reconnaissance orbiter, it may once have been a lake fed by an underground water supply. the findings are published in "nature geo science" and may push the search for ancient life on mars underground. >>> off-duty police officer in madrid is being credited as a hero this morning after rescuing a woman who fainted and fell on the city's subway tracks. the officer leaped into action and pulled the 52-year-old woman to safety. an oncoming train saw the trouble on the tracks
're coming into it with bad feelings because the spending cuts and the debt ceiling, spending was pushed out of this big compromise that scared us with the word "cliff" that was somehow created by the media. where we stand today, the president hitting the note of we, the people, we have to work together seems to be somewhat of an effective flash point because people are there and see it nowhere more than on economic questions. so when we were asking people around the country what do you want to see? going together, almost like a couple were two ideas, one, you have to stop the left/right game. it's too much. we know that is your game but you must stop it and he seemed to respond to that. where they want to see that stop the most is on the creation of jobs. they condemn the stock market. that 'not where the country is. we're hurting and you'll see it. here's what people had to say about what they want the president to do, what he must do to succeed when it comes to the economy. ♪ >> i want to tell the president about the economy to stop spending money that we don't have. it's nice to want t
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